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Mia Received Her Bank Statement on March 6, Showing a Balance

Question 1

Multiple Choice

Mia received her bank statement on March 6, showing a balance of $1,729.73. The balance shown in her checkbook was $1,427.58. Deposits in transit amounted to $538.52 and there was a service charge of $6.00. Outstanding checks were $155.44, $291.26, and $342.03, and the interest earned was $57.94. Find the reconciled balance.


A) $1,421.58
B) $1,941.00
C) $1,479.52
D) $1,729.73

Correct Answer:

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